Profitability balance sheet

Ilustrative image (Photo: VNA) Hanoi (VNS/VNA) - The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land, according to the report of the Ministry of Construction. The absorption rates were high in most product segments while there were no new inventories, and the vacancy rate of office and commercial space for rent gradually decreased. The ministry said there were almost no affordable apartments with prices from 25 million VND to 30 million VND per sq.m at commercial housing projects in central areas. Apartments at these prices were only available in a few projects in areas away from the city centres. Some projects at this price range were xpHomes in Dan Phuong district, Gemek Premium in Hoai Duc, Xuan Mai Complex in Ha Dong, Hanoi; Dream Home Riverside in District 8, Ehome S in District 9, HCM City; and FPT City Da … [Read more...] about Real estate market is gaining balance: ministry

Inside a Tien Phong Plastic Joint Stock Company factory. (Photo courtesy of the company) Hanoi (VNS/VNA) - Many plastic enterprises reported increased gross profit in the second quarter of this year thanks to lower raw material prices. Binh Minh Plastics Company (BMP)’s revenue reached 1.56 trillion VND (66.7 million USD) in Q2, up 7% year-on-year. The company's profit after tax was 3.5 times higher than in the second quarter of 2021, mainly thanks to the significant improvement in gross profit margin from 12.9% to 25.1%. The business attributed the increase in profit to the decrease in the price of plastic raw materials and unchanged selling prices. Tien Phong Plastic JSC (NTP) also recorded positive business results in Q2. Specifically, revenue increased 38% to 1.72 trillion VND (73.6 million USD). Gross profit doubled to 504 billion VND. Profit margin was 29.3%, up sharply from 19.9% in the second quarter of 2021. However, financial expenses and selling expenses … [Read more...] about Plastic firms report profit rises in Q2

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

MerryLand Golf Club has unique terrain overlooking the sea, bay, and mountain As general manager of many famous golf clubs all over the world, what brought you to MerryLand Golf Club? The creative design team of Greg Norman and the vision of a high-class developer who is creating a world-class golf club. I believe the vision that Hung Thinh Corporation has for MerryLand Golf Club is truly amazing and I wanted to be part of that journey. The course itself will be quite unique due to the topography and its location along with its integration within MerryLand Quy Nhon. The course will play a little over 7,200 yards from the championship tees and with multiple tee ground options available, the course will be both playable and challenging for golfers of all abilities. The Par 72 course will also provide spectacular views overlooking Mai Huong Bay. What is the difference between MerryLand Golf Club and other golf clubs in Vietnam, which will make golfers visit more than … [Read more...] about MerryLand Golf Club expects to be the most ideal golf course

A worker checks products at a storage facility of Hoa Phat Group (HPG). The company's shares surged 2.4 per cent on Friday. — Photo hoaphat.com.vn Vietnamese shares finished the week higher, ending several days of sell-offs with a rebound fuelled by securities and steel stocks. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close at 1,262.33 points. The VN-Index had lost 0.54 per cent in the last two days. More than 541.7 million shares worth VND13 trillion (US$555.7 million) were traded on the southern exchange. The market's breadth was positive with 273 stocks climbing, of which eight hit ceiling prices, while 166 declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.68 per cent, to 1,280.96 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), … [Read more...] about Shares finish week higher on the back of steel, securities sectors

As one of the leading international schools in Vietnam, ISHCMC has a rich 28-year history of student achievement. The class of 2022 was no exception, with one student, Seoyeon Hong, achieving a perfect score of 45 points in the IB Diploma. Mike Hebert, ISHCMC director of admissions and market growth, said: "The result puts her in the 99.7th percentile among students studying the IB Diploma Program globally. That is a true testament to the education students at ISHCMC are receiving and one that the whole community is proud of." Seoyeon Hong, who achieved a perfect score. Photo courtesy of ISHCMC Another student that has flourished under ISHCMC's educational environment is Junsoo Chung. Junsoo Chung joined ISHCMC in grade 2. Junsoo recounts: "I arrived at school with no English language. On my first day, a classmate shared with me a copy of "Star Wars," that book helped me kickstart my English skills." Junsoo is one of many recent graduates from ISHCMC’s class of … [Read more...] about ISHCMC graduates find path to flourish